Question: Please USE a Financial Calculator Method in you Answer: A bank robber, was worried about his investment and decided to open a savings account on
Please USE a Financial Calculator Method in you Answer: A bank robber, was worried about his investment and decided to open a savings account on January making a deposit of $ Robby made semiannual deposits of his share of the "loot" which amounts to $ per year starting with the first deposit on July He continued making deposits until the time on his arrest on July He will be released from jail in January at which time he expects to reenter the business and resume making deposits on July until he retires on December six months after his last deposit Assume that Robber's loot was not confiscated by the authorities at the time of his arrest and that the bank's interest rate is compounded semiannually from January through July and compounded semiannually thereafter. Required: Determine the balance in Robby's savings account at the time of his retirement.
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